UbcNews

Benjamin Franklin once said, ‘Nothing is certain except death and taxes’, which remains a universal truth, but just as exercise and healthy eating can delay the former, smart financial planning can limit the latter.

If you want to improve the future planning of your personal finances, I Own My Bank has created a report on the tax-free benefits available through the Infinite Banking Concept.

In the report, you will learn how the Infinite Banking Concept (IBC) can allow you to get tax-free loans on a whole life insurance policy which you can then use to fund large purchases.

When budgeting and managing your personal finances, you may be unaware of the options available to you outside the traditional banking methods of getting a high-interest loan. As such, you may find you are accruing taxable interest that can greatly impact your overall repayments and finances. To give you an alternative way of getting a loan, I Own My Bank developed a report on the benefits presented by Infinite Banking.

As the report explains, IBC utilizes the features of whole life insurance policies whose cash value grows on a tax-deferred basis. This unique feature allows you to take a loan against a policy, though importantly not a withdrawal, against a policy without incurring tax on its interest.

The report highlights the various risks and restrictions surrounding the IBC strategy, such as the long-term implications of unpaid loan amounts and the previously noted taxable withdrawals. Furthermore, if you want more information on the IBC strategy, you can find details on a free training webinar presented by I Own My Bank.

During the webinar, you will learn about the initial development of Infinite Banking by economist R. Nelson Nash and the ways it differs from traditional banking strategies. The webinar also includes real-life examples of the concept in action to help you better understand how it can be used to fund large purchases.

Following attendance to the webinar, you can arrange for a consultation with one of the company’s team should you wish to discuss how to incorporate IBC into your personal finances and tax planning strategies.

An I Own My Bank, spokesperson said, “In our webinar, you will discover how our members all across the nation are transforming their financial futures by following this one method without working any harder or longer, and without losing control of your money or taking on any risk.”

Learn how to improve your personal finances and tax planning using the Infinite Banking Concept with I Own My Bank.

Visit the link in the description for more information. I Own My Bank® City: Mount Laurel Township Address: 3111 New Jersey 38 Website https://www.iownmybank.com/blog/b/car Phone +1-856-888-9533 Email info@iownmybank.com